Shri Kamal Nijhawan, Senior Standing Counsel with Sumit Gaur, Advocate, for the Respondent. ORDER Mr. Nijhawan has reverted with instructions. He says that the calculation with regard to Condition No. 2(ii), which relates to execution of bank guarant .....

.1 Therefore, if the submission of the petitioner is accepted then the bank guarantee amount equivalent to 30% of the said amount, i.e., ₹ 44,40,454/-will have to be furnished by it. 4. Mr. Nijhawan does not dispute the fact that a Di .....

provisional release of the subject goods in that case (which incidentally was an Aircraft) based on the condition that security in the form of bank guarantee equivalent to 30% of the differential duty be furnished. 4.1 In the present case, it i .....